The loss under a property - Study guides, Class notes & Summaries

Well-structured OTE2601 Assignment 1 (ANSWERS) 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!)...... QUESTION 1 In 2020, the world was devastated and ravaged by the unprecedented Corona Virus (Covid-19) pandemic. Most businesses closed-down; which resulted in serious loss of jobs to certain employees whilst some business put employees on contract or retrenched them. While conducting an oversight visit in Port Elizabeth on Thursday, honourable President Cyril Mat...

Florida Personal Lines Exam Questions and Answers 100% VerifiedFlorida Personal Lines Exam Questions and Answers 100% VerifiedFlorida Personal Lines Exam Questions and Answers 100% VerifiedFlorida Personal Lines Exam Questions and Answers 100% Verified Under Part A of a Personal Auto Policy, which of the following losses would be covered? A.) Damage to property being transported by the insured B.) Damage to a neighbor's parked car C.) Damage to a neighbor's lawn mower in the care of ...

Well-structured HFL1501 Assignment 5 (ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!). . Question 1 Not yet answered Marked out of 1.00 QUIZ Identify whether the following statement is true or false : In terms of Roman legal principles, theft qualifi ed as a crime. Select one: True False Time left 1:49:29 UNISA  2024  HFL1501-24-S1  Assessment 5 Question 2 Not yet answered Marked out of 1.00 QUIZ Consider the case o...

Arkansas P&C Exam. 103 Questions with 100% Correct Answers | Verified | Updated 2024. The major portion of the premium for an equipment breakdown policy pays -For repairs after a loss. -For coverage for bodily injury and property damage of others. -For replacement parts. -For inspections and examinations. For inspections and examinations. #3. The party to a surety or fidelity bond who promises to fulfill the obligation is the a) Principal. b) Custodian. c) Surety. d) Obligee. ...

Transferring the risk to an insurance company is known as what? - Answer- Insurance When the insured request to have the company change a condition or provision in an insurance policy the document attach to the policy is referred to as what? - Answer- Endorsement George and Sandy only home which was damaged by fire who has insurable interest - Answer- George and Sandy What is the most common loss settlement valuation in the property policies? - Answer- Actual cash value The insurance...

Connecticut Casualty Adjuster for All Lines Questions and Answers Already Passed Which of the following professional liability policies would also cover bodily injury damages? Architects and Engineers E&O Insurance agents E&O Lawyers E&O Fiduciary Legal Liability Architects and Engineers E&O A person, firm, or corporation that, for compensation, acts on behalf of an insured in negotiating the settlement of certain claims for loss or damage to property is known as a/an: independent adjuster spe...

CPCU 551 Exam Questions Compilation A building had been vacant for 60 days, and the insurer didn't know about it, when it sustained 100K, 5K, and 1K losses due to windstorm, theft, and sprinkler leakage, respectively. What amount is covered under CPP? - 85K, 0, and 0. If a building is vacant for 60 or more consecutive days before the loss, they won't pay for any loss caused by vandalism, sprinkler leakage, building glass breakage, water damage, theft, or attempted theft... otherwise you...

Other structures are excluded from coverage under the HO-3 when they are: Smaller than 100 square feet or larger than 1,000 square feet Smaller than 100 square feet or larger than 500 square feet Used for storage purposes Used for business purposes correct answersUsed for business purposes is correct. EXPLANATION: When the other structures are used for business purposes they are not covered under the homeowner form. This structure and its contents could be covered under a commercial p...

What are 4 major loss exposures covered by CGL Form? LO1 1. Premises Liability (slip and fall due to water on the floor) 2. Operations Liability (Tree trimmer causes damage to power lines by removing fallen limbs) 3. Product Liability (ladder collapses when being used as intended) 4. Completed Operations A contractor installs a hot water heater and leaves the home, 2 days later, water overflows onto the floor causing damage because the hot water heater was improperly installed. ...

A building had been vacant for 60 days, and the insurer didn't know about it, when it sustained 100K, 5K, and 1K losses due to windstorm, theft, and sprinkler leakage, respectively. What amount is covered under CPP? - 85K, 0, and 0. If a building is vacant for 60 or more consecutive days before the loss, they won't pay for any loss caused by vandalism, sprinkler leakage, building glass breakage, water damage, theft, or attempted theft... otherwise you'll only get 85% Various building de...